Exaggerated bullish divergence - HCBTC - End of October Chart - HYPERCASH rank 36!

HCBTC - Binance


It shows double-tap and its called exaggerated bullish divergence you can check image on google.


For this graph, We use Elliott correction Wave (ABC) with eclipse tools and MacD below

On this graph, we saw an Exaggerated bullish divergence


Exaggerated bullish divergence occurs when price creates two bottoms on relatively the same line, while the technical indicator diverges and has its second bottom at a higher level.

Verdict:

We open risk, Good buy at 0.0001740 - 0.0001700

Stop loss a 0.0001670 to 0.0001650

first target 0.0001850 to 0.0002222 - 0.0003800


Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty)

Disclaimer: This is for educational purposes,it is not intended as a financial advice.

The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.




#Trend Analysis

#Chart Patterns

#Wave Analysis

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